BMGT 110Introduction to Business and ManagementFall 2014Question #1: Although most new businesses start out as sole proprietorships, few large businesses are organized this way. Why is the sole proprietorship such a popular form of ownership for new businesses? What features of sole proprietorship make it unattractive for growing businesses? What business forms would be more appropriate for a growing business?Question #2: Why would a U.S. company decide to form a strategic alliance with a company in another country? What kinds of ethical considerations might the U.S. company be faced with given possible differences in laws and standards between the two countries?Question #3: How are cross-functional teams used in businesses today? Why are they important to achieving business goals? What advantages might employees get from working within those kinds of teams?
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